Morningstar has placed T. Rowe Price New Income under review to assess the impact of the sudden departures of comanagers Steve Bartolini and Saurabh Sud and their replacement by new comanagers Christopher Brown and Anna Dreyer, as announced by the firm on July 18, 2024. Bartolini had been on the fund since January 2017 as a comanager and took over as the sole manager in January 2018 after the prior lead manager retired. The firm added Sud as a comanager on the strategy in May 2023.
T. Rowe Price New Income Adv PANIX
- NAV / 1-Day Return 7.95 / +0.41 %
- Total Assets 16.9 Bil
-
Adj. Expense Ratio
0.810%
- Expense Ratio 0.810%
- Distribution Fee Level High
- Share Class Type No Load
- Category Intermediate Core Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 3.78%
- Effective Duration 6.07 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0
Morningstar’s Analysis PANIX
Will PANIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 22.0
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
United States Treasury Notes 4.625% | 4.36 | 736.8 Mil | Government |
T. Rowe Price Gov. Reserve | 3.50 | 592.3 Mil | Cash and Equivalents |
United States Treasury Notes 1.75% | 3.24 | 547.5 Mil | Government |
United States Treasury Bonds 4.5% | 2.57 | 434.3 Mil | Government |
United States Treasury Notes 4.625% | 2.05 | 346.0 Mil | Government |
United States Treasury Notes 4.625% | 1.87 | 315.4 Mil | Government |
United States Treasury Bonds 4.25% | 1.74 | 294.7 Mil | Government |
United States Treasury Notes 1.5% | 1.69 | 285.2 Mil | Government |
United States Treasury Bonds 4% | 1.66 | 281.0 Mil | Government |
United States Treasury Bonds 3.375% | 1.50 | 253.8 Mil | Government |